Share/Working Capital Repayment

[regmolehusband]

In the event that the shareholders believe their limited company can afford it and they would rather like to have their initial investment in share/working capital reimbursed, do the directors have to pass a resolution to do so? Or is it as simple as writing a cheque and debiting the director's loan account in Sage?

Can you point me to anything online that covers this issue in more detail?

Thanks

"Reg"

>> Edited by regmolehusband on Monday 25th July 10:31